The like-kind exchange rules permit deferral of the obligation to pay federal income tax when an asset, which has been held for productive use in a taxpayer’s trade or business or for investment, [...]
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Recent news has been littered with examples of companies that have had their data systems breached or hacked, resulting in the release of confidential information to the public. In simple terms, [...]
Some studies have found that a company’s average cost of a data breach can exceed $5,000,000. This cost does not factor in the additional damage that a company’s reputation will suffer, along [...]
In the recent case of Bross Trucking, Inc., the Tax Court provided further guidance to taxpayers about a technique we have long known to be beneficial to shareholders of C corporations. When a C [...]
Entering into a new contract is an exciting time for any company. The agreement is signed with the hope that it will grow the business and result in a long and beneficial relationship between [...]
There is a growing trend among businesses to use a hybrid contractual model when selling products to their customers. That is, companies are using signed and printed agreements in conjunction [...]
Chapter 11 bankruptcy filings can threaten businesses across all industries. If a customer to whom you have extended credit files for Chapter 11 bankruptcy protection, the company risks losing [...]
Imagine the following scenario. A local business is fed up with one of its employees. The employee misses too much work, he or she is generally disruptive to other employees, and he or she [...]
When buyers and sellers enter into an asset purchase agreement, Internal Revenue Code Section 1060 requires that the buyer and seller agree to the allocation of the purchase price to the various [...]
All businesses and industries can be subject to a customer or multiple customers filing for Chapter 11 bankruptcy protection. While some companies have the resources to get through an economic [...]
